With attractive interest rate & flexible repayment options, TAB Capital Limited offers Unsecured Business Loans to MSMEs who wish to scale up and grow their businesses. We understand your needs for urgent finance and hence provide you the Digital Lending platform where you can fill the application form within a minute & get funds in just 2 working days.
Features and Benefits
- Loan amount up to Rs. 1 CroreWe offer loans up to Rs. 1 crore for MSMEs with minimal paperwork and documentation. The loan amount can be leveraged for multifarious business purposes.
- Zero Prepayment Charges* There are no pre-payment charges levied in case of full repayment of the Unsecured Business Loan which gives you greater peace of mind.
- No Collateral Needed To ensure greater convenience, there is no collateral/security that is needed for sanctioning business loans here at TAB Capital.
- Higher loan eligibility For MSMEs and entrepreneurs, higher loan eligibility is provided in order to help their businesses with optimum finance solution.
- Minimal documentation & swift processing There is no printing and there are no delays whatsoever. All documents can be uploaded digitally and the complete lending process is hassle-free
- Disbursement within 2 working days TAB Capital provides Unsecured Business Loan disbursement within just 2 working days in order to ensure that business owners receive critical funding immediately.
Eligibility and Documents
For applying for a Small Business Loan, the eligibility criteria that you need to keep in mind:
- Age of key person should be in between 21 and 55 years
- Annual business turnover exceeding Rs. 15 lakhs
For getting Unsecured Business Loan, the following documents are needed:
- KYC Documents:
- A copy of PAN Card.
- Proof of Address: (Passport Copy / Aadhaar Card / Electricity Bill / Registered Rent Agreement)
- Statutory documents: In the case of Proprietary Firm: Shop Act, GST Registration Certificate, Udyog Aadhaar Memorandum, VAT Registration, other Registrations Applicable.
- Statutory documents: In the case of Private / Public Limited Company/One Person Company: MOA & AOA, Certificate of Incorporation, Certificate of commencement of business in case of a public limited company, GST Registration Certificate, Shop Act, Udyog Aadhaar Memorandum, VAT Registration and other Registrations Applicable.
- Statutory documents: In the case of Partnership Firm: Registered Partnership Deed, In Case of LLP: LLP Agreement, Shop Act, Udyog Aadhaar Memorandum, GST Registration Certificate, VAT Registration and other Registrations Applicable.
- Income Documents:
- Last 2 years Financials (IT Returns, Computation Sheet & Balance-sheet) and Proof of turnover vide latest sales/service tax returns and Invoice / Purchase Order Copy (for loan against receivables)
- Last 1-year bank statement of an operative bank account.
- Details of all existing loans: Sanction Letter and Loan Account Statement for last 1 year.
- Brief Profile of the Promoters and Company / Firm
How to Apply
A loan for MSMEs, SMEs, and professionals is only a simple click away. Here are the four steps you need to follow-
- Click here to apply online
- Scan and upload documents online
- Verification & assessment
- Loan Disbursement in 2 working days
- Can small business loan application be made digitally? Yes, you can apply online by clicking the link mentioned for this purpose. The online submission of the application and documents leads to faster processing and quicker disbursement. All the loan application-disbursement processes are conducted online and you do not have to visit any offline branches for this purpose.
- What is the repayment method? You can repay through ECS or through post dated cheques, depending on your convenience.
- What is the tenure for Unsecured Business Loan? The repayment tenure goes up to a maximum of 3 years in the case of Unsecured Business Loans.
- How do I know if I am eligible for the Unsecured Business Loan? You have to be aged between 21-55 years and your business should be stable for more than 2 years and you should also have a turnover exceeding Rs. 15 lakhs in order to be eligible for this loan.
- Are there any prepayment charges? No. TAB Capital offers zero prepayment charges* on repayment of Unsecured Business Loans.
*Terms & Conditions Apply